Tesla has again raised the prices of its range of vehicles in the United States for the third time in the last month.
Here is a summary of the changes:
Model 3
Model 3 Standard Range + increase of $ 500 ($ 37,990 to $ 38,490)
Long-range Model 3 breach increase of $ 500 ($ 46,990 to $ 47,490)
Model performance 3 increase of $ 1,000 ($ 55,990 to $ 56,990)
Model I
Non-compliance with the long-range Y model increase of $ 500 ($ 49,990 to $ 50,490)
Y model performance it did not change (maintained at $ 60,990)
Model S / Model X
Prices for model S and model X. it did not change (see table)
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2021 has been a volatile year for Tesla prices in the US, as shown in the table below. After fluctuating during the first quarter, Model 3 prices have risen between $ 500 and $ 2,000, while Model Y has risen between $ 500 and $ 1,000 since the beginning of the year. Tesla also raised the price of the Model Y in China at the end of the first quarter.
Along with Tesla’s first-quarter record results, the company’s price increases over the past month may also be a sign of strong demand. After delivering nearly 5,000 more vehicles than they produced during the first quarter, Tesla’s vehicle inventory is just nine days away from supply. Traditionally, automakers ’inventories range from 60 to 80 days of supply.
With such low inventory, Tesla could raise prices to better balance supply and demand, or the changes could be the result of increased costs for the automaker, as supply chain problems persist. the automotive industry. Elon Musk accessed Twitter on Thursday thank Tesla suppliers to provide critical components, but the company also delayed delivery estimates for some upgraded Model S vehicle managers, which have not yet begun delivery.
For more information on current Tesla news, check out the included video.
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Disclosure: Rob Maurer is a long stock and TSLA derivative.